My Unit Trust Asset Allocation

Dear all,

After nearly one year, I guess it is time for another summary on my unit trust asset allocation. You can refer to my previous one at the link below:

https://ghchua.blogspot.com/2024/09/my-unit-trust-asset-allocation.html

For asset classes, I have done nothing much other than consistently adding onto the list of unit trusts that I had been holding for CPF Investments. I have again been defensive for the past one year or so, and therefore increased my allocation to short duration bond fixed income fund again. The other asset classes are obviously down correspondingly in terms of percentage of allocation, with my additional allocation to the short duration bond fixed income fund.

For geographic exposure, Emerging Markets, Japan and Singapore funds were the out performers in the portfolio. Asia excluding Japan funds also did well.

Laggards are mainly single country funds. Most of these single country funds were in emerging/developing markets and the likes of India, Thailand, Indonesia and Malaysia each have their own country specific issues for the past year, which affected their respective stock market performance. 

Going forward, my strategy is to add onto existing funds, while continue to maintain a more defensive positioning in terms of asset allocation. I will continue to allocate more to fixed income instead of equity, with emphasis on shorter duration to mitigate interest rate fluctuations. I will also stick more to global, regional and developed markets single country funds to mitigate emerging/developing markets country specific risks.

Asset Class

Equity 79.53%

Balanced 12.82%

Fixed Income 7.65%

Geographic

Global 21.26%

Asia Pacific Excluding Japan 15.44%

Emerging Markets 13.41%

Japan 12.35%

US 8.32%

Singapore 8.29%

Asia excluding Japan 6.40%

Taiwan 3.22%

Europe including UK 3.05%

India 1.95%

Thailand 1.80%

Indonesia 1.78%

Malaysia 1.43%

Korea 1.40%

Welcome any comments (if any) on my unit trust asset allocation.